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How Investors Might Get in on Singapore's Real-Estate Boom

By

Yaroslav Trofimov

Updated May 2, 2007 12:01 a.m. ET

The real-estate sector has gone sour in the U.S., and the outlook for property-related securities isn't too bright in most other developed markets, either. But, bucking this trend, Singapore continues to power ahead -- and smart investors still might be able to cash in on the city-state's property fever.

As it aims to become a playground for Asia's rich, Singapore is shifting its economy from manufacturing to tourism and financial services, building yacht marinas and casino resorts next to the gleaming skyscrapers that house...